$US250/t may not be so fanciful....IRON ORE DAILY: Carajas fines trade at new record high
Seaborne iron ore prices rose further on Friday May 7 with continuing support from bullish steel prices, refreshing the iron ore indices’ record highs again.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $212.25 per tonne, up by $10.37 per tonne
62% Fe low-alumina fines, cfr Qingdao: $214.20 per tonne, up by $11.33 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $185.29 per tonne, up by $9.57 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $243.60 per tonne, up by $8.90 per tonne
62% Fe fines, fot Qingdao: 1,422 yuan per wet metric tonne (implied 62% Fe China Port Price: $205.93 per dry tonne), up by 63 yuan per wmt.
$US250/t may not be so fanciful....IRON ORE DAILY: Carajas fines...
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